skaaptjop? that's the scary thing, such a wild reaction to the Fed printing money and then borrowing it from themselves based on a promise to pay it back. Thing is that the US has no heavy manufacturing capacity left of any significance compared to the East. This reaction is emotional and based on the belief that the Yanks always bounce back. Now history proves that if you underestimate the Yanks, you lose, that simple, so for now my money is on the Yanks. I expect maybe 1.48/1.49 and a touch on 1.50 on the EURUSD (and USD Index will venture into the 70's again). The only thing that really, REALLY bothers me is that I believe this USD weakening is happening far, FAR to soon. Think about this: You own the reserve currency of the world nuh? So, if you borrow from anyone else you're actually borrowing in your own currency nuh? (just converted to the lender's) so you want to borrow when your currency is strong relative to the lender's? nuh? And when you start paying back the loan you want a weak currency nuh? Currency devaluation is a great equalizer. If I was running the Fed, this is exactly what i would be doing to China, but not right now as the time's not right so I seriously think there's some seriously 'semi-official' shennanigans going on even though most of last night's move is due to speculators and long timer's repositioning